Tuesday, June 23, 2015

Professionals for Eligibility Management Services

Each for-profit hospital aspires to achieve a certain financial goal at the end of the day. This is something that cannot be possible if necessary planning and execution are not put in place.
A hospital whose services truly help make the lives of patients better will certainly earn the trust of even more patients. These services include assistance in getting Social Security disability (SSD) for children and adults alike.

How Eligibility Services Can Help Your Hospital

To keep your hospital’s revenue cycle up to date, it is necessary to integrate some services that most patients inquire about or need. One of these is the Social Security Disability Insurance (SSDI). The procedure of filing for SSDI can be overwhelming, especially for someone trying for the first time. This is the reason most hospitals hire professionals who are able to offer revenue cycle management improvement services.

Presumptive Eligibility for Medicaid Patients

What if someone in your family needs immediate medical care and your healthcare insurance application is still pending? There’s still a way that your loved one can benefit from quality Medicaid or CHIP services even though his or her application for healthcare insurance hasn’t yet been fully processed. This is possible through presumptive eligibility, a policy option that was implemented beginning of last year.

How to Improve Hospital Revenue Cycle Management

To maintain a steady income for your health facility, you need to counter the effects that come with cash flow declines as well as changes in margins and the accumulation of bad debts. This may seem challenging, but with a good revenue cycle management plan, you will be able to achieve your goals. Here are a few solutions you can use to improve the revenue cycle management of your hospital: